Thursday, January 22, 2015

What Will Be The Impact On Oil Prices With The Succession Of A New King In Saudi Arabia?



Maher Chmaytelli, Bloomberg: Saudi Arabia’s New King Will Likely Stick With Current Oil Policy

WNU Editor: No surprise that when news of the death of Saudi King Abdullah was reported, oil prices jumped .... Oil jumps after Saudi king's death amid huge market shifts (Reuters). The big question now is what will be the Kingdom's policy towards OPEC .... maintain the status quo for production and price .... or start to reverse Saudi policy and limit oil production thereby increasing oil prices. My prediction is that nothing is going to change. Because of his poor health I see him as a caretaker King .... and no major shift in policy is going to occur as long as he is there. Where the changes may occur is in the next generation of rulers .... and for the moment that has yet to be decided.

More News On What Will Be The Impact On Oil Prices With A New King In Saudi Arabia

Oil jumps after Saudi king's death amid huge market shifts -- Reuters
Death of King Unlikely to Alter Saudi Oil Policy -- WSJ
What now for oil after Saudi king's death? -- CNN
Oil Rises After Death of Saudi King, but Effect Seen Muted -- ABC News/AP
What Saudi King Abdullah's death could mean for oil prices -- Brad Plumer, VOX
King Abdullah’s death won’t change Saudi policy, analyst says -- Fuel Fix
Saudi oil policy 'just took turn for the worse' -- John Kilduff, CNBC
Saudi’s new King to stick with existing oil production policy -- Malay Mail Online
Death of Saudi Arabia's King Abdullah roils oil market -- Tom Huddleston, Jr., Fortune
Oil Gain Seen Short-Lived After Saudi King Death Amid Oversupply -- Bloomberg Businessweek

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